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Dec 31, 2023
Polaris Q4 2023 Earnings Report
Polaris's Q4 2023 earnings decreased compared to the previous year due to lower volume, net pricing driven by higher promotional spend and higher finance interest.
Key Takeaways
Polaris Inc. reported a decrease in sales and earnings for the fourth quarter of 2023. Worldwide sales were $2,289 million, down five percent compared to the fourth quarter of 2022. Reported diluted earnings per share from continuing operations was $1.81, a 46 percent decrease versus last year, and adjusted diluted earnings per share from continuing operations was $1.98, down 43 percent versus last year.
Full year 2023 sales were $8,934 million, up four percent compared to last year.
Fourth quarter sales were $2,289 million, down five percent compared to last year.
Fourth quarter reported diluted earnings per share from continuing operations was $1.81, down 46 percent versus last year; adjusted diluted earnings per share from continuing operations was $1.98, down 43 percent versus last year.
Powersports retail sales for the quarter were up seven percent versus last year driven by growth in snow and utility ORV, more than offsetting softness in On Road and Marine.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The Company expects 2024 sales to be down five to seven percent versus 2023. The Company expects adjusted diluted EPS from continuing operations attributed to Polaris Inc. common shareholders to be down 10 to 15 percent versus 2023.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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